Courses Catalogue

International Trade Theory

COURSE CODE: ECO 2203
COURSE CREDIT UNIT: 3
ACADEMIC PROGRAMME: Business Administration (Finance & Banking)
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Description

YEAR TWO SEMESTER TWO

COURSE TITLE:              INTERNATIONAL TRADE THEORY

COURSE CODE:              EC 02203

HOURS TAUGHT:           3 hrs per week

PREREQUISITES:          None

PURPOSE OF COURSE

This course is an introduction to international trade and trade policy. It covers the basic theories of comparative advantage, factor endowment and trade patterns, economies of scale and imperfect competition, and reviews different arguments for restrictive trade policies and their partial and general equilibrium impacts.

EXPECTED LEARNING OUTCOMES

By the end of the course unit, students should be able to:

  • Explain the basic facts of international trade theory and the usage of the corresponding models to the analysis of international trade policies.
  •  Discuss the effective assess the possible gains from trading internationally.
  • To enable students comprehend and be able to use the various payment instruments available in international trade.
  • Describe the comprehend and work within the various international trade agreements, politics, and institutions that regulate international trade today.
  • Assess the possible gains from international trade.
  • Assess the various international trade agreement, politics and instruments that regulate international trade theory.

KIU

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